Cardano Risk Management B.V. Lowers Stock Position in Prologis, Inc. $PLD

Cardano Risk Management B.V. lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,174,787 shares of the real estate investment trust’s stock after selling 7,523 shares during the period. Prologis makes up 1.2% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 23rd largest position. Cardano Risk Management B.V.’s holdings in Prologis were worth $159,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLD. Brighton Jones LLC lifted its position in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares during the period. Schnieders Capital Management LLC. grew its holdings in Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares during the period. Walleye Capital LLC bought a new position in shares of Prologis during the second quarter valued at approximately $422,000. NewEdge Advisors LLC increased its stake in shares of Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after purchasing an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Prologis by 2.4% during the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after purchasing an additional 10,266 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by insiders.

Prologis Stock Up 0.7%

Shares of Prologis stock opened at $140.06 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $130.69 billion, a PE ratio of 31.19 and a beta of 1.31. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $153.35. The company has a 50-day simple moving average of $143.26 and a two-hundred day simple moving average of $139.50.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PLD shares. Morgan Stanley boosted their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $148.00 to $160.00 in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. Finally, Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.